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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: April 29/17 ? asked by david:

Jerome Haas of Lightwater Partners has been shorting HCG successfully for several years
using public info. He points out below that the loan originations were robust concurrently with the loan book decreasing, amongst others.

http://www.bnn.ca/investing/video/home-capital-short-seller-warns-on-the-whole-sector%7E1109205
Read Answer Asked by Russ on May 01, 2017
Q: This is basically just an opinion but I think that last week the action with CRH was an example of what you really mean by volatility. The the 5 to 10% that happens some days for no good, obvious reason are to be expected in a growth portfolio and are just a healthy fluctuation in a share price. Such fluctuations actually strengthen the stock. Comment ?
Thanks for your support
Clarence
Read Answer Asked by Clarence on May 01, 2017
Q: The authorities knew if they dd anything home capital would have issues. I thought it would skate through with a fine and a few firings. Why bring down the whole company? Check the mortgages determine the default rate and then decide what to do.Announce action everyone deserts Home Capital gics and the company swirls into the bowl. Hoop insider probably knows the default rate ponies up the money.Please explain.
Read Answer Asked by ian on May 01, 2017
Q: Very interesting article. I don't know if you have read it. The World According to a Free-Range Short Seller With Nothing to Lose.

https://www.bloomberg.com/news/features/2017-02-09/the-world-according-to-free-range-short-seller-mark-cohodes

Publish if you wish.
Read Answer Asked by Peter on May 01, 2017
Q: i have sometimes been critical of 5i, i have never owned home capital but have read everything about hcg, i suggest your subscribers read reflections of a fund manager by michael mccloskey on hcg, this was/is a great company brought down by circumstance a lot of which were beyond their control, 5i did nothing wrong in having this stock in its portfolio or recommending it to its members.dave
Read Answer Asked by david on April 29, 2017
Q: In March and February your comments about this company were generally positive. Yet just recently you said that this company was the most likely candidate to be booted out of the balanced equity portfolio. Sounds like you views have changed in the past four weeks. Can you explain the apparent shift in your position please. Thx.
Read Answer Asked by John on April 29, 2017
Q: I would like to buy some preferred shares of the canadian banks.
Would you recommend one bank over the other and which series.

thanks,
Read Answer Asked by Kosta on April 28, 2017
Q: In just over 2 weeks with no particular changes in the world or the North American economy, including the market positioning or financial results of CRH; the stock has dropped over 35%! Is there something I just can't see or read into the latest Quarterly report or is there something relative to the MI positions that are not apparent in the Statements??
Read Answer Asked by Robert on April 28, 2017
Q: Cohodes said to Bloomberg he is getting ready to announce another company that he's going after. Says "It’s a doozy". I had to look up what that means: unique. It's not EQB, it's another one. I don't think it's CIBC, because it isn't "unique". What are your top 2 guesses for this company? My guess is Genworth, because it's the only mortgage insurer in Canada and so, is "unique" in my opinion. But the carry cost to short it is over 5.5%, so there might be a better choice I have not thought about.
Read Answer Asked by Matt on April 28, 2017
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